Skip to main content

Auto Dealership

Enterprise Rent-a-Car | New 5-Year Lease Extension

1609 E Hoffer St, Kokomo, IN 46902

Listing Price: $373,000

Cap Rate
5.25%
Tenant Name
Enterprise
Years Remaining On Lease
5.3
Guarantor
Corporate Guarantee
Rentable SF
1,650
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.88

Investment Overview

Marcus & Millichap is pleased to present the Enterprise in Kokomo, IN.

Investment Highlights

  • New 5-Year Lease Extension, Absolute NNN Ground Lease with No Landlord Responsibilities
  • 25-Year Operating History at this Location, Proven Concept in the Trade Area
  • Serving a Large Trade Area of Over 100,000 Residents, 57 Miles North of Downtown Indianapolis
  • Adjacent to Chrysler's 3.1 Million SF Transmission Plant with 4,031 Employees, Chrysler Recently Invested $400 Million to Transform Plant
  • Outparcel to Recently Redeveloped Kokomo Town Center Anchored by Gabe's and AMC Showplace 12
  • Across from Regional Power Center Anchored by Kohl's, TJ Maxx, Old Navy, Petco, and ULTA
  • Down the Street from Markland Mall Anchored by Target, Ross, Dunham's Sports, Petsmart, Party City, Books-a-Million, and ALDI
  • Immediate Proximity to Walmart, Sam's Club, Meijer, Menards, Hobby Lobby, Bed Bath and Beyond, and Best Buy

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Auto Dealership

Enterprise Rent-a-Car | New 5-Year Lease Extension

Listing Price: $373,000

Cap Rate
5.25%
Tenant Name
Enterprise
Years Remaining On Lease
5.3
Guarantor
Corporate Guarantee
Rentable SF
1,650
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.88

Investment Highlights

  • New 5-Year Lease Extension, Absolute NNN Ground Lease with No Landlord Responsibilities
  • 25-Year Operating History at this Location, Proven Concept in the Trade Area
  • Serving a Large Trade Area of Over 100,000 Residents, 57 Miles North of Downtown Indianapolis
  • Adjacent to Chrysler's 3.1 Million SF Transmission Plant with 4,031 Employees, Chrysler Recently Invested $400 Million to Transform Plant
  • Outparcel to Recently Redeveloped Kokomo Town Center Anchored by Gabe's and AMC Showplace 12
  • Across from Regional Power Center Anchored by Kohl's, TJ Maxx, Old Navy, Petco, and ULTA
  • Down the Street from Markland Mall Anchored by Target, Ross, Dunham's Sports, Petsmart, Party City, Books-a-Million, and ALDI
  • Immediate Proximity to Walmart, Sam's Club, Meijer, Menards, Hobby Lobby, Bed Bath and Beyond, and Best Buy

Investment Overview

Marcus & Millichap is pleased to present the Enterprise in Kokomo, IN.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

MM Texture Background
MM Textured Background Lower